Former Celsius CEO Mashinsky to be released on $40m bail
Alex Mashinsky, the former CEO of Celsius Network, is set to be release d on bail following his arrest and fraud charges on Thursday, July 13. Mashinsky has agreed to a $40 million personal recognizance bond, which must be signed by his wife by Friday, July 14, and by another financially responsible individual before July 21, who is yet to be identified. A release based on promise Following his arrest, a U.S. district court judge granted Mashinsky bail. In the agreement, Mashinsky must surrender his travel documents to authorities and is restricted to traveling within New York. Furthermore, the document states that the former CEO of the crypto lender is prohibited from opening any new financial, business, or personal bank accounts, lines of credit, or cryptocurrency accounts without the approval of Pretrial Services. The bond will be signed solely by his wife, while the identity of the co-signatory remains undisclosed. To secure the bond, Mashinsky’s New York City residence a...